United States debt ceiling

Sen. John Walsh, D-Mont., and other senators rush to the Senate chamber on Capitol Hill in Washington, Wednesday, Feb. 12, 2014, for a vote to extend the Treasury's borrowing authority. After a dramatic Senate tally in which top GOP leaders cast the crucial votes, must-pass legislation to allow the government to borrow money to pay its bills cleared Congress Wednesday for President Barack Obama's signature.(AP Photo/J. Scott Applewhite)

Senate clears debt limit measure for Obama

WASHINGTON (AP) — Legislation to raise the federal debt limit and prevent a crippling government default cleared Congress on Wednesday with an awkward assist from top Senate Republican leaders who were forced into a politically […]

02/12/2014

House Speaker John Boehner of Ohio.  (AP Photo/Molly Riley)

House Republicans back away from debt fight

WASHINGTON (AP) — Unwilling to spook the markets and divided among themselves, House Republicans backed away from a battle over the government’s debt limit Tuesday and permitted President Barack Obama’s Democratic allies to drive quick […]

02/11/2014

Senate Appropriations Committee Chair  Sen. Barbara Mikulski, D-Md., flanked by Senate Majority Whip Richard Durbin of Ill., left, and Sen. Charles Schumer, D-N.Y., speaking on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite, File)

5 things to know, 1 to watch for about budget deal

WASHINGTON (AP) — Stuffy oil paintings of Cabinet secretaries are out. Old-style light bulbs win a reprieve. For the health care overhaul, it’s a wash. Policy trades big and small make up the $1.1 trillion […]

01/15/2014

Penny and Phil Sound Bite

The cause and effect of the debt ceiling

The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation’s history. As you can imagine, all of […]

10/08/2013

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